Ironwood Investment Counsel LLC Cuts Stock Holdings in Teradyne, Inc. $TER

Ironwood Investment Counsel LLC lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,337 shares of the company’s stock after selling 7,360 shares during the period. Teradyne comprises approximately 1.0% of Ironwood Investment Counsel LLC’s holdings, making the stock its 27th biggest holding. Ironwood Investment Counsel LLC’s holdings in Teradyne were worth $6,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Stephens Inc. AR raised its stake in Teradyne by 1.2% during the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after purchasing an additional 41 shares during the period. Sapient Capital LLC raised its stake in shares of Teradyne by 1.5% in the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after acquiring an additional 43 shares during the period. Quent Capital LLC raised its stake in shares of Teradyne by 3.8% in the 4th quarter. Quent Capital LLC now owns 1,738 shares of the company’s stock valued at $336,000 after acquiring an additional 63 shares during the period. Huntington National Bank raised its stake in shares of Teradyne by 1.8% in the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company’s stock valued at $491,000 after acquiring an additional 64 shares during the period. Finally, Choreo LLC raised its stake in shares of Teradyne by 2.2% in the 4th quarter. Choreo LLC now owns 3,043 shares of the company’s stock valued at $599,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In related news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on TER. The Goldman Sachs Group raised their target price on shares of Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Morgan Stanley set a $387.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Bank of America raised their target price on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Northland Securities reissued a “market perform” rating and issued a $270.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Teradyne Price Performance

Teradyne stock opened at $337.88 on Monday. Teradyne, Inc. has a 12-month low of $75.99 and a 12-month high of $422.11. The company has a market capitalization of $52.89 billion, a price-to-earnings ratio of 62.57, a price-to-earnings-growth ratio of 1.39 and a beta of 1.79. The firm’s fifty day moving average price is $335.74 and its 200 day moving average price is $264.38.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 87.0% on a year-over-year basis. Analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be paid a dividend of $0.13 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is presently 9.63%.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.